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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Peter V who wrote (77301)	4/5/2008 9:57:23 PM
From: The Vet	Read Replies (1) of 116555

An interesting diesel story comes from Linc Energy a small Aussie company who are making diesel fuel directly from underground gasification of stranded coal deposits using CTL (coal to liquids) technology, but they skip having to actually mine the coal first! Apart from the demo plant they are presently commissioning in Australia they have potential deals in Vietnam and own a controlling interest in a long running underground gasification to power company in Uzbekistan. There are evidently thousands of known underground coal deposits which are too deep or to isolated to mine economically by traditional methods, which in situ underground gasification techniques can tap, and the gas produced can be converted by existing technology to clean diesel ready to put into your tanks without further refining. It's an interesting and quickly moving energy story. lincenergy.com.au Listed as LNC.ASX on the Aussie market and as a relatively new ADR on the pinks as LNCGY (1 ADR share = 10 LNC.ASX shares. Trades well on the ASX, but the ADR is illiquid in the US as it is virtually unknown. Disclosure.. I own a few of these bought around a year ago on the ASX.

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